NZ dollar falls vs. euro after German ruling, RBNZ awaited

Wed, 12 Sep 2012

By Jonathan Underhill Sept. 13 (BusinessDesk) – The New Zealand dollar weakened against the euro after a German court paved the way for the creation of a European Union bailout fund and as traders await Reserve Bank governor Alan Bollard’s final monetary policy statement before he steps down. The New Zealand dollar fell to 63.38 euro cents from 63.72 cents at 5pm in Wellington yesterday. The kiwi traded at 81.94 US cents, down from 82.01 cents. Germany's Federal Constitutional Court overnight backed earlier today to back the country's ratifi...

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